Economist: Trump's new tariffs may not pay off

Name: Economist: Trump's new tariffs may not pay off
Uploaded: 2025-02-11T05:27:00Z
Duration: 5 min 3 s
Description: President Trump slapped tariffs on steel and aluminum imports during his first term, and many of them remained in place even during the Biden administration. Now, he's upping the ante in his second term, raising concerns they may ultimately cost consumers. Ryan Young, senior economist with the Competitive Enterprise Institute, explains why he thinks it's a gamble on "The Final 5."

President Trump slapped tariffs on steel and aluminum imports during his first term, and many of them remained in place even during the Biden administration. Now, he's upping the ante in his second term, raising concerns they may ultimately cost consumers. Ryan Young, senior economist with the Competitive Enterprise Institute, explains why he thinks it's a gamble on "The Final 5."

By Jim Lokay

Posted February 11, 2025 12:27am EST